Pallet Truck Shop tells retailers to focus on their business as customer confidence is at 26 year low
Despite it being a mere six weeks since the Brexit Vote, the effects of the UK’s decision to leave the European Union are becoming ever clearer. And the retail sector is one that is seemingly suffering as a result. According to latest figures, July recorded the biggest slide in consumer confidence for more than 26 years.
GfK conducted the research and noted that on average people were gloomier about their own finances and the broader economy. And as a result, they were concerned whether now was a good time to make large purchases, such as furniture and household appliances.
Due to a mix of people being uncertain about jobs, pay and the country’s economic health, the survey paints a somewhat bleak picture about the UK’s position in the world’s economy. However Pallet Truck Shop, one of the country’s finest providers of pallet trucks and other manual handling equipment to both small and large businesses, is reiterating the need for company stabilisation during this unsteady period.
Speaking about the need for stability, Phil Chesworth, Managing Director at Pallet Truck Shop, said, “Despite the figures showing a downward spiral with regards to sales, the last thing businesses need to do is panic and start making cuts where they don’t need to.”
A separate survey of manufacturing companies published last week also highlights similar feelings. Manufacturers’ organisation EEF’s poll revealed business confidence had fallen in every region of England and Wales, meaning that that the sector’s recovery was under threat.
“Although all businesses need to watch their outgoings, the present period is no different to any other,” adds Phil. “It’s important that businesses don’t get caught up in the doom and gloom reports and predictions too much, and focus on their own business and its profits in order to get a good indication of sales and predicted targets for the year.”
To find out more about Pallet Truck Shop and browse their range available to purchase online, visit the website: www.pallettruckshop.co.uk
Dakota Digital for Pallet Truck Shop
Contact: Hannah Byrne
Tel UK: 01623 428996
Tel US: 917-720-3025
Pallet Truck Shop is part of the Midland Group of Companies, which was established in 1984. Although the group operates several websites, they are not just another Internet only based company – they operate from large premises, based centrally in the Midlands. As a direct importer, they physically carry large stocks of product on site. Carrying these stocks helps them to provide quick despatch of orders at excellent prices.